Rising Number of Diabetes to Encourage Growth of Global Glucose Meter Market

Rising Number of Diabetes to Encourage Growth of Global Glucose Meter Market

Published On : 08 Jun 2017

A new research report has been recently added by QYReseachReports.com to its vast repository of research studies. The 124-page study, titled “Global Glucose Meter Market Research Report 2017,” offers a detailed overview of the market. The study presents insights into the key factors that are expected to determine the overall development of the global glucose meter market over the next few years. The growth prospects, opportunities, current trends, and opportunities prevailing in the market have been discussed at length in the scope of the report. As per the study, the global glucose meter market is projected to register a strong growth rate in the coming years.

The rising number of diabetes cases and the increasing preference of consumers to spend more on healthcare facilities are anticipated to encourage the growth of the global glucose meter market throughout the forecast period. In addition to this, the rising inclination of consumers to make use of home test devices is predicted to generate promising growth opportunities for key players in the global glucose meter market in the near future. On the flip side, the high cost of devices, particularly in developing and under developed economies are projected to hamper the growth of the global glucose meter market in the coming years.

On the basis of product type, the global glucose meter market has been classified into continuous monitoring and portable. Furthermore, the key applications of glucose meters are home care and medical. The research study throws light on the major factors that are projected to accelerate the growth of the leading segment in the next few years. To offer a clear understanding, the research study has included the market statistics and the expected growth rate of each segment.

On the basis of geography, the global market for glucose meters has been categorized into India, Europe, China, Japan, Southeast Asia, and North America. The presence of leading players and the rising focus on research and development activities are anticipated to encourage the growth of the North America glucose meter market in the next few years. On the flip side, the rising focus disposable income of consumers and the development of healthcare sector are estimated to accelerate the growth of the glucose meter market in India, Southeast Asia, and China in the near future.